31. A point and figure chart is used to demonstrate A. Advances and declines of stock prices B. High, low and closing price on a daily basis C. Changes of two points or more D. More than one of the above 32. The essence of _______ is to determine whose judgment about the market is wrong. A. Key indicators B. Smart money rules C. Contrary opinion rules D. None of the above 33. The ____________ suggests watching the small investor, who is right most of the time but misses key market turns, and then doing the opposite. A. Contrary opinion rule B. Odd-lot theory C. Greed index D. None of the above 3 34. Volume of short sales represents a contrary opinion rule because A. Short sellers generally do not know what they are doing B. Short sellers tend to overreact C. Short sales generate potential demand for stocks D. More than one of the above 35. All of the following are smart money rules except A. Investment advisory recommendations B. Short sales by specialists C. Barron's Confidence Index D. None of the above are exceptions
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